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Jones County/Laurel/39440

39440

ZIPSAFMR
Jones County, MS
Zillow

ZIP Investment Score

123Above average

095130300
BRFMR
Eff. Rent
0 BR$770$850
1 BR$780$860
2 BR$1,020$1,120
3 BR$1,220$1,280
4 BR$1,610$1,440
5 BR$1,851Not available
6 BR$2,129Not available
7 BR$2,449Not available
8 BR$2,816Not available

Purchase Price Calculator

Maximum purchase price
$104,515

Cost breakdown

+Likely effective rent$1,120
HUD FMR$1,020
Market rent$1,210
Est. payment standard (110%)Used$1,120
-Principal and interest-$528
Loan amount$83,612
Down payment$20,903
Rate6.50%
Term30 years
-Operating costs-$392
Property taxes-$105
Insurance-$175
Utilities$0
HOA$0
Management-$112
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,232(87.2% ROI)
Projected value
$112,551
Return breakdown
Property appreciation+$8,036
Loan principal paid down+$2,996
Rental cash flow+$7,200
5-year hold
+$31,076(148.7% ROI)
Projected value
$118,249
Return breakdown
Property appreciation+$13,734
Loan principal paid down+$5,342
Rental cash flow+$12,000
10-year hold
+$66,002(315.8% ROI)
Projected value
$133,788
Return breakdown
Property appreciation+$29,273
Loan principal paid down+$12,729
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.70
1 BR
0.72
2 BR
0.84
3 BR
0.93
4 BR
1.12
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 39440 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 39440 (Laurel, MS) is $1,020 a month. That is up 6.3% from $960 in FY 2026. Laurel is in the Jones County, MS non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $986. Among 13 ZIP codes in Jones County, 39440 has the 4th-highest two-bedroom rent (county range $910–$1,270). The median county two-bedroom FMR in Mississippi is $905, so ZIP 39440 is 13% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 39440
BedroomsFY 2027Change90–110% range
Studio$770+5.5%$693–$847
1BR$780+6.8%$702–$858
2BR$1,020+6.3%$918–$1,122
3BR$1,220+6.1%$1,098–$1,342
4BR$1,610+22.9%$1,449–$1,771

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 39440
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$770$780$1,020$1,220$1,610
FY 2026$730$730$960$1,150$1,310
FY 2025$780$780$1,020$1,230$1,400
FY 2024area FMR$732$737$930$1,124$1,239
FY 2023area FMR$635$639$808$983$1,085

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Jones County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 39440
39401$1,270+24.5%
39437$950−6.9%
39439$940−7.8%
39440Current$1,020—
39443$910−10.8%
39459$1,050+2.9%
39464$970−4.9%
39465$1,230+20.6%
39476$950−6.9%
39477$910−10.8%
39479$910−10.8%
39480$1,010−1.0%

Questions about ZIP 39440 rents

How much will Section 8 pay for a two-bedroom in ZIP 39440?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $986, which applies unless the housing authority uses Small Area FMRs, that basic range is $887 to $1,085 a month; under the ZIP-level Small Area FMR of $1,020 it would be $918 to $1,122. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 39440 in?

ZIP 39440 is in the Jones County, MS non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $986.

How much did fair market rent change in ZIP 39440 for FY 2027?

The two-bedroom FMR rose 6.3%, from $960 in FY 2026 to $1,020 in FY 2027. Since FY 2025 it has risen 0.0%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentLaurel, MS fair market rentMS statewide rentsWhat is SAFMR?Data sources